NN Group announces stock fraction for 2014 final dividend and repurchase of shares to neutralise stock dividend

Shareholders of NN Group were given the option to receive the final dividend for 2014 of EUR 0.57 per ordinary share either in cash or in ordinary shares.

Shareholders who have elected to receive the dividend in shares will receive one NN Group N.V. ordinary share for every 43.77 ordinary shares held. The stock fraction has been based on the volume-weighted average price of EUR 24.949 for NN Group shares on Euronext Amsterdam for the five trading days from 17 June 2015 through 23 June 2015. Any remaining stock fractions will be paid in cash using the volume-weighted average share price of EUR 24.949. The stock and cash dividend are approximately equal in value. If a shareholder has not made a choice during the election period, the dividend will be paid in cash.

Approximately 27.3% of shareholders have elected to receive the dividend in ordinary shares. Consequently, 2,114,271 new ordinary shares will be issued as stock dividend.

NN Group will neutralise the dilutive effect of the stock dividend on earnings per share through the repurchase of 2,114,271 ordinary shares from ING Group, at the volume-weighted average share price of EUR 24.949 used to calculate the stock fraction. NN Group intends to cancel all or part of the repurchased shares in due course.

Payment of the dividend on the ordinary shares in cash, after deduction of statutory withholding tax, if applicable, and the transfer of the new ordinary shares and settlement of fractions in cash, as well as the repurchase of ordinary shares from ING Group, will take place on 30 June 2015.

Press enquiries NN Group Manel Vrijenhoek [phone] [e-mail]

Investor enquiries NN Group Investor Relations [phone] [e-mail]

NN Group profile
NN Group is an insurance and investment management company with a strong, predominantly European presence in more than 18 countries. With around 12,000 employees the group offers retirement services, insurance, investments and banking to more than 15 million customers. NN Group includes Nationale-Nederlanden, NN (formerly known as ING Insurance) and NN Investment Partners (formerly known as ING Investment Management). NN Group is listed on Euronext Amsterdam (NN).